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Large Plumbing Company

Location: Eastern North Carolina

ID: (#200638)

This Business Has Been Sold.
200638
Price:$1,525,000
Revenue:$2,500,000
Cash Flow:$250,000
FF&E (Assets):$75,000
Inventory:$20,000
Real Estate:$275,000

Overview

Rare opportunity to take over a well established large plumbing business in a fast growing area in Eastern North Carolina. This owner operated business needs a business savy buyer that can fully capitalize on the growing opportunity. 14 crews of 1-2 men are currently operating repairs and new construction out of fully equipped trucks that bear the company logo. This business can manage any large job, as opposed to the majority of its local competitors. Excellent option for a strategic buyer.

Real estate owned by the business brokered by Lynn Harris/Century 21.

Details

Reason for Selling:

Pursuing personal interests

Established:

2006

Employees:

20

Furniture, Fixtures, and Equipment (FF&E):

18 trucks, equipped for business. Assets are well maintained and in good condition. The dollar amount listed is estimated fair market value.

Facilities:

Office, storage building and car park owned by the business and included in the sale (real estate brokered by Lynn Harris/Century 21)

Inventory:

Plumbing inventory, no overstock

Competition:

The area is experiencing massive growth with many residential and commercial construction projects underway and in planning. Almost no competition of similar size that can handle large jobs solo.

Opportunities for Growth:

20% growth in revenue in 2017 over 2016, with net profit increase 10% during the same period. The area is experiencing massive growth with many residential and commercial construction projects underway and in planning.

Support and Training

The seller is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (910) 623 9033 Fax
  • Appointment Only:
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486